SME Times News Bureau | 03 Sep, 2019
Justice
Prathiba M Singh, Judge, Delhi High Court last week said that India needs to
strengthen the enforcement and have better national and international
cooperation to contain counterfeiting.
Speaking
at a seminar on 'Communication, Coordination and Collaboration -
Strengthening the fight against counterfeiting and smuggling', organised
by FICCI CASCADE, Singh emphasized on the need for effective enforcement
to enhance India’s economic development.
She
stressed on the need for education, awareness and sensitization campaigns
amongst consumer with special emphasis on the youth to deal with the problem of
illicit trade.
The
seminar discussed the importance of increased awareness on the hazards of
counterfeiting and smuggling.
Ullas
Kamath, Chairman, Karnataka State Council, FICCI said that counterfeiting
and smuggling hurts industries, consumers, government and economies. "It
is imperative to understand the need for safeguarding the rights of legitimate
industry in developing competitiveness in various sectors of the economy,"
he said.
Najib
Shah, former Chairman, Central Board of Indirect Taxes and Customs and
Think Tank Member, FICCI CASCADE said, "The realization of the damage
counterfeiting causes is not appreciated. On the other hand, smuggling results
in generation of unaccounted wealth and is the immediate trigger for criminal
activities. We should aim to work towards creating an environment where people
will want to be innovators and manufacturers and importers without fear of
their work being plagiarized or having to compete with smugglers."
The
seminar was organized in conjunction with National Law School of India
University, Bengaluru.
Professor
Dr MK Ramesh, Vice-Chancellor, National Law School of India University said,
"Tackling the menace of counterfeiting and smuggling should be of prime
importance with zero defect and zero-effect on the environment. The image of
India will shine globally if we strengthen our enforcement of laws, evolve
strategies to address this issue and at the same time safeguard the
intellect."
The
Vice-Chancellor extended his support and ensured Law School's commitment to
work with FICCI CASCADE in its fight against smuggling and counterfeiting.
As
per FICCI CASCADE report released in 2015, the total loss to the
government on account of illicit markets in just seven manufacturing sectors is
Rs 39,239 crore.
Of
the various sectors, the maximum revenue loss to the exchequer is attributed to
tobacco products, estimating a revenue loss of Rs 9,139 crore, followed by
mobile phones at Rs 6,705 crore and alcoholic beverages at Rs 6,309 crore.
According
to a recent FICCI report, 'Illicit trade: Fueling Terror Financing and
Organized Crime', counterfeiting is the second largest source of income for
criminal activities such as terrorism, globally.
The
report highlights that the total employment losses globally due to counterfeit
and piracy stood at 2-2.6 million jobs in 2013 and is expected to rise to
4.2-5.4 million jobs in 2022, an increase of about 110 per cent.